Financial crisis
Economic inequality 'top global risk over decades'
Rising income inequality is seen as the top risk for the global economy in 2017, with reforms to market capitalism increasingly viewed as necessary to ward off a populist backlash, the World Economic Forum said on Jan. 11.
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Any optimism in the Chinese 'Rooster Year?'
LONDON - As the world is preparing to leave 2016 behind as a year fraught with political surprises, financial crises and market volatility, governments and businesses including those in Turkey have started to set their eyes on what the next 12 months have in store for them politically and economically.
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INTERVIEW: Author Roger Hardy on 'empire and its legacy in the Middle East'
Amid present-day meltdown in the Middle East, many are looking back to past generations to try to understand the roots of the problems. This search is particularly notable around the centenary of the First World War, when the current strained regional order took shape as a range of nation states emerged from the rubble of the Ottoman Empire.
House prices will continue to slide in 2017
Property prices that would have caused a buying frenzy had it still been the period before the financial crisis are now appearing in a number of upmarket areas of Attica, estate agency data show, while the uncertainty in the country's economy leaves no scope for any improvement in the market in the coming year either, real estate experts warn.
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Turkey's economic crises
I should be the last person to write on economic matters, since it is neither my profession nor my passion. Nevertheless, none of us need to be experts nowadays to see that the prospects for Turkey's economy are rather dim.
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Neglect compounding the refugee crisis
In Greece we usually deal with crises first by underestimating the danger then by leaving those in the center of the storm to fend for themselves; when the problem becomes too great, we are at a loss, we wait for a solution from above.
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IMF Revises Bulgarian Economic Growth Assessment to 3% of GDP
The International Monetary Fund has revised its assessment on economic growth in Bulgaria to 3% of GDP from an initially forecast 2.3% shrinkage, stated the head of the regular mission of the fund to Bulgaria Reza Baqir at a meeting with PM Borissov.
Top bosses paint a gray picture for the economy
A fresh report by TÜS?AD, a leadaing business group, points at current risks of the economy, which are not highlighted in many official reportsThe Turkish Industry and Business Association (TÜS?AD) has been the leading interlocutor of global economic players, although the association has lost some power during the Justice and Development Party (AKP) term. TÜS?AD is less powerful vis-à-vis gover
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Fiba's Credit Europe Bank to exit Russia
Turkish Fiba Holding's Credit Europe Bank is exiting the Russian market, according to daily Kommersant, at a time when economic relations between the two countries continue to deteriorate in the wake of the jet-downing crisis in November 2015.
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Saxo Bank’s economist writes about an upcoming crisis
Christopher Dembik, Economist of Saxo Bank, claims that a new crisis is coming and explains it in four points:
• Shortening economic cycle means more frequent crises
• ‘Great Divergence’ model saw China assuming the US’ leadership role
• We have likely reached the limits of adjusting monetary policy
• States have compromised a return to growth due to debt